3,218 Shares in JPMorgan Chase & Co. $JPM Purchased by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions LLC acquired a new position in JPMorgan Chase & Co. by purchasing 3,218 shares valued at approximately $789,000, making it the fund's 19th largest investment.
• Several institutional investors made significant changes to their holdings in JPMorgan, with Northern Trust Corp increasing its stake by 15.4% in the last quarter.
• JPMorgan recently declared a quarterly dividend of $1.40 per share, reflecting an annualized dividend of $5.60 and a dividend yield of 1.9%.

OneAscent Investment Solutions LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,218 shares of the financial services provider's stock, valued at approximately $789,000. JPMorgan Chase & Co. accounts for 0.9% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 19th biggest position.

Several other hedge funds have also added to or reduced their stakes in JPM. Vestmark Advisory Solutions Inc. raised its stake in shares of JPMorgan Chase & Co. by 101.9% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 27,483 shares of the financial services provider's stock valued at $6,742,000 after purchasing an additional 13,871 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $237,000. Sit Investment Associates Inc. grew its holdings in JPMorgan Chase & Co. by 9.7% during the first quarter. Sit Investment Associates Inc. now owns 116,016 shares of the financial services provider's stock worth $28,459,000 after purchasing an additional 10,214 shares during the period. Holderness Investments Co. grew its holdings in JPMorgan Chase & Co. by 0.4% during the first quarter. Holderness Investments Co. now owns 28,011 shares of the financial services provider's stock worth $6,871,000 after purchasing an additional 108 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. grew its holdings in JPMorgan Chase & Co. by 4.6% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 75,877 shares of the financial services provider's stock worth $18,613,000 after purchasing an additional 3,356 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $1.7310 during trading hours on Tuesday, hitting $289.7990. 3,581,407 shares of the company were exchanged, compared to its average volume of 9,865,450. The firm has a fifty day simple moving average of $286.92 and a 200 day simple moving average of $263.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The stock has a market capitalization of $796.87 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.93 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the firm earned $6.12 EPS. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JPM. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. HSBC reiterated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.